Oil at the Center as U.S. and Brazil Edge Toward a Trade War
Friday, 11 July 2025 () Brazil is preparing to defend its oil export sector as former U.S. President Donald Trump threatens to impose a 50% tariff on Brazilian imports starting August 1. The move has escalated tensions between the two countries, with Brazilian President Luiz Inácio Lula da Silva vowing reciprocal action: “If he charges us 50%, we’ll charge him 50%,” Lula told local media outlet Record. Oil is Brazil’s top export to the United States, and until now it had been exempt from a 10% tariff already imposed on other Brazilian goods.…
Tensions between Brazil and the U.S. are escalating fast as President Lula da Silva vows to retaliate with steep tariffs following President Trump’s demand to halt the Bolsonaro trial. Trump calls Bolsonaro a “highly respected leader” and accuses Lula’s government of political persecution,...
The geopolitical stage is set for a major confrontation as the BRICS alliance prepares for its 2025 summit in Brazil. The bloc, which will include ten member nations, is openly challenging the..
Indigenous protest as Brazil sells Amazon oil blocks
Indigenous groups and environmental activists rallied in Rio de Janeiro on Tuesday as Brazil auctioned off oil blocks near the ecologically..
Credit: euronews (in English) Duration: 01:00Published
Friday, 11 July 2025 ()
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